AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
BL
BlackLine, Inc.
BL has the edge over AAPL overall, supported by stronger valuation and stronger modeled upside.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
BL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Healthy |
BL's cash flow and balance sheet are currently healthy, and its revenue and profitability are stable.
AAPL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $230 | -35% |
| Fair | 31x | $279 | -21% |
| Expensive | 37x | $328 | -7.5% |
| Forward | 38x | $355 | — |
| Current | 40x | $355 | — |
Historical ranges are pointers, not guarantees.
AAPL's PE is in its expensive range at 40x. If earnings grow as analysts expect, today's price would be 38x next year's earnings.
BL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $28.48 | — |
| Cheap | 41x | $26.87 | -5.7% |
| Current | 44x | $28.48 | — |
| Fair | 68x | $44.36 | +56% |
| Expensive | 95x | $61.45 | +116% |
Historical ranges are pointers, not guarantees.
BL has the edge over AAPL in the historical PE scenario, which offers more potential upside but is not a forecast.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
BL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BL has the edge over AAPL on the outlook, with more favorable valuation and profitability expectations.
AAPL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.28 | +3.3% |
| Q3 2026 | $8.98 | +20% |
| Q2 2026 | $8.71 | +32% |
| Q1 2026 | $8.26 | +29% |
| Q4 2025 | $7.90 | +25% |
| Q3 2025 | $7.46 | +23% |
| Q2 2025 | $6.59 | +0.2% |
| Q1 2025 | $6.42 | -0.3% |
| Q4 2024 | $6.30 | -2% |
AAPL earned $8.98 per share over the past year, up 20% from the year before.
BL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.66 | +310% |
| Q3 2026 | $0.65 | -41% |
| Q2 2026 | $0.56 | -57% |
| Q1 2024 | $1.18 | +$1.70 |
| Q4 2023 | $0.81 | +$1.30 |
| Q3 2023 | $0.64 | +$1.96 |
| Q2 2023 | $0.11 | +$1.32 |
| Q1 2023 | -$0.52 | +$0.95 |
| Q4 2022 | -$0.49 | +$1.48 |
BL's earnings per share have fallen from their peak: $0.65 over the past year, against $1.29 in mid-2025.
AAPL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.5B | +12% |
| Q2 2026 | $109.4B | +16% |
| Q1 2026 | $111.2B | +17% |
| Q4 2025 | $143.8B | +16% |
| Q3 2025 | $102.5B | +7.9% |
| Q2 2025 | $94B | +9.6% |
| Q1 2025 | $95.4B | +5.1% |
| Q4 2024 | $124.3B | +4% |
AAPL has the edge over BL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -0.5 points |
| Q2 2026 | 33% | +2.6 points |
| Q1 2026 | 32% | +1.3 points |
| Q4 2025 | 35% | +0.9 points |
| Q3 2025 | 32% | +0.5 points |
| Q2 2025 | 30% | +0.4 points |
| Q1 2025 | 31% | +0.3 points |
| Q4 2024 | 34% | +0.7 points |
AAPL has the edge over BL on profitability, with a higher operating margin.
BL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $193.4M | +8.5% |
| Q2 2026 | $187.8M | +9.2% |
| Q1 2026 | $183.2M | +9.7% |
| Q4 2025 | $183.2M | +8.1% |
| Q3 2025 | $178.3M | +7.5% |
| Q2 2025 | $172M | +7.2% |
| Q1 2025 | $166.9M | +6% |
| Q4 2024 | $169.5M | +8.8% |
BL's revenue has grown year over year every quarter since late 2020: $193M last quarter, up 8.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.7% | +4.4 points |
| Q2 2026 | 5.8% | +1.5 points |
| Q1 2026 | 3.4% | +1.3 points |
| Q4 2025 | 3.7% | +0.1 points |
| Q3 2025 | 4.3% | -0.8 points |
| Q2 2025 | 4.4% | +3 points |
| Q1 2025 | 2.1% | +1 points |
| Q4 2024 | 3.7% | -4.6 points |
BL's operating margin was 8.7% last quarter, up 4.4 points from the same quarter a year ago, near the top of its range since 2019.
AAPL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $25.9B | -2.4% |
| Q2 2026 | $31.9B | +31% |
| Q1 2026 | $26.7B | +28% |
| Q4 2025 | $51.6B | +91% |
| Q3 2025 | $26.5B | +11% |
| Q2 2025 | $24.4B | -8.6% |
| Q1 2025 | $20.9B | +0.9% |
| Q4 2024 | $27B | -28% |
AAPL has the edge over BL on cash flow, with stronger typical year-over-year growth.
BL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $64.5M | +1.9% |
| Q2 2026 | $43.1M | +37% |
| Q1 2026 | $44.2M | +8.3% |
| Q4 2025 | $26.1M | -39% |
| Q3 2025 | $63.3M | +14% |
| Q2 2025 | $31.4M | -22% |
| Q1 2025 | $40.8M | -19% |
| Q4 2024 | $43M | +7.2% |
BL generated $178M in free cash flow over the past year, about the same as the year before.
AAPL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +5.6M shares |
| 1 year | -1.9% | -284M shares |
| 3 years | -6.9% | -1.1B shares |
| 5 years | -13% | -2.1B shares |
| Available history | -17% | -3.1B shares |
AAPL has the edge over BL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $24.3B |
| Q2 2026 | $25.1B |
| Q1 2026 | $12.3B |
| Q4 2025 | $24.7B |
| Q3 2025 | $20.1B |
| Q2 2025 | $21.1B |
| Q1 2025 | $25.9B |
| Q4 2024 | $23.6B |
AAPL spent $86.4B buying back its own shares over the past year, down 4.8% from the year before.
BL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -741K shares |
| 1 year | +7.3% | +4.6M shares |
| 3 years | -5.5% | -4M shares |
| 5 years | +16% | +9.6M shares |
| Available history | +23% | +12.5M shares |
BL has 68M diluted shares, up 7.3% from a year ago, despite $158M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $38.7M |
| Q2 2026 | $38.5M |
| Q1 2026 | $46M |
| Q4 2025 | $34.8M |
| Q3 2025 | $111.9M |
| Q2 2025 | $43.3M |
| Q1 2025 | $45.5M |
BL spent $158M buying back its own shares over the past year.
AAPL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.5x | Very low |
AAPL's net debt is less than a year of its operating earnings (EBITDA).
BL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -3.0x | Net Cash |
| Q1 2026 | -3.2x | Net Cash |
| Q4 2025 | -5.4x | Net Cash |
| Q3 2025 | -5.9x | Net Cash |
| Q2 2025 | -6.2x | Net Cash |
| Q1 2025 | -6.9x | Net Cash |
| Q4 2024 | -12.9x | Net Cash |
BL has the edge over AAPL on leverage, with a lower net debt burden relative to earnings.
AAPL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.1 | Neutral |
| Stochastic | 85.0 | Overbought |
AAPL's weekly RSI is 68 (neutral) and its Stochastic is 85 (overbought).
BL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 40.7 | Neutral |
BL's weekly RSI is 45 (neutral) and its Stochastic is 41 (neutral).
AAPL PE vs Technology Sector
| Metric | AAPL | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 42% above |
| PE % | 96 | 35 | 61 pts above |
AAPL has the edge over BL on valuation relative to its sector.
BL PE vs Technology Sector
| Metric | BL | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 28x | 57% above |
| PE % | 22 | 35 | 13 pts below |
BL is trading at 44x earnings, a 57% premium to the Technology sector's median of 28x.
AAPL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $343.1 | 3.4% above |
| 20 week MA | $329.0 | 7.9% above |
| 50 week MA | $295.6 | 20% above |
| 100 week MA | $262.4 | 35% above |
| 200 week MA | $226.3 | 57% above |
AAPL has the edge over BL on trend strength, trading above more of its moving averages.
BL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.7 | 4.2% below |
| 20 week MA | $30.1 | 5.3% below |
| 50 week MA | $35.8 | 20% below |
| 100 week MA | $44.8 | 36% below |
| 200 week MA | $51.0 | 44% below |
BL is in a downtrend: it's below all five of its weekly moving averages, and 44% below its 200-week average.
AAPL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $72.5 | $132.0 | +82% |
| 2021 | $132.0 | $176.3 | +34% |
| 2022 | $176.3 | $131.9 | -25% |
| 2023 | $131.9 | $192.5 | +46% |
| 2024 | $192.5 | $255.6 | +33% |
| 2025 | $255.6 | $273.4 | +7% |
| 2026 YTD | $273.4 | $354.9 | +30% |
AAPL has the edge over BL on returns for 2026, with the stronger performance.
BL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $52.4 | $137.8 | +163% |
| 2021 | $137.8 | $103.9 | -25% |
| 2022 | $103.9 | $65.8 | -37% |
| 2023 | $65.8 | $62.4 | -5.1% |
| 2024 | $62.4 | $61.2 | -2% |
| 2025 | $61.2 | $57.8 | -5.6% |
| 2026 YTD | $57.8 | $28.5 | -51% |
BL has finished five years in a row lower, and it's down 51% so far in 2026.